The Obama Administration Could Repeat Its Biggest Mistake Of The Financial Crisis

a reply to: TrueBrit

Imagine if the money that went to bail out the banks went to pay off housing loans of people conned into subprime mortgages instead.

Just more proof corporations and the rich are above the law.
Who do you think is calling the shots in our government today?
It ain't We The People so that leaves the %1.
Of all the agencies to fail utterly at their appointed tasks I'd have to say the Justice Department is King.
We may as well lay them all off and get rid of it, it's become useless until an enemy of the administration finds itself on their radar.
Then they do their job.

a reply to: Krazysh0t

It's like they are mocking us or something.

Its not that they are mocking us , its that its so common for them to get away with things like this that they don't even care anymore or even think that its abnormal.

Its just part of their (CEO,POLITICIANS,.05% ,board of directors) ordinary life.

"Too Rich to Jail"

Sadly people fall for all the harsh words and criticism that the MSM and the Congregational hearings spouted against those CEO.

However , at the end of the day they got the last laugh on the way to their bank to cash their multi million dollar bonus checks that the Tax payers gave them for sinking their companies to the ground. On top of it ,we tax payers even paid for their private jet fuel and VIP accommodations to attend the mock Congregational hearing.

Like I have said in the past both the DNC and the GOP cater to the same people, as long as we continue to get GOP or DNC endorsed candidates nothing will change.

a reply to: Krazysh0t

Justice in America is only for the commoners, the rich and corporations get to right out of it, like they own justice, remember the said so, money talks and BS walks

America is run by corporations and bankers, what else should we expect.

We the tax payers, voters and hard working Americans are nothing but third class citizens.

a reply to: marg6043

Well we could always wake up and vote to change that.

a reply to: Krazysh0t

And my friend I am all 100% behind you on that, but sadly voting this days makes no difference, regardless of who is in power.

If you look at the presidents cabinets right after they get into the white house most if not all of the presidential appointees are members of the majors corporations in the country, I did a research once and it was an eye opener how these appointees are representing corporate America in government and we the voters have not power to take them down because they are appointed by the president himself.

originally posted by: marg6043
a reply to: Krazysh0t

And my friend I am all 100% behind you on that, but sadly voting this days makes no difference, regardless of who is in power.

I disagree. Voting has made a difference for legalizing marijuana as well as gay rights. You just need enough support and you can change anything.

If you look at the presidents cabinets right after they get into the white house most if not all of the presidential appointees are members of the majors corporations in the country, I did a research once and it was an eye opener how these appointees are representing corporate America in government and we the voters have not power to take them down because they are appointed by the president himself.

Oh I believe you. That's why I outlined my preliminary idea of how to go about rooting corruption out of politics. Though, it's impossible to ever get it out 100%.

a reply to: Krazysh0t

Marijuana and gay rights are social issues, social issues are the way government pretend that they care, while corporate corruption is an economic issue, corporations are above the people and sadly the laws in the books protect them.

a reply to: marg6043

It's attitudes like that that contribute to no change being done. The defeatist mentality just resigns you to accept your fate that the system is broke and beyond fixing, even when examples of voting changes having taken place are demonstrated before you. The elite are fighting tooth and nail to keep marijuana illegal. In fact, that's pretty much the last bastion of support to keep it illegal. However, they are failing miserably. I see that as a positive and a sign that things CAN change for the better.

Heck, we don't need to see more people in jail. I'm all for seeing less people in jail. Rich people included. So, something like legalizing marijuana is a sign of loosening control and thus less people go to jail.

a reply to: Krazysh0t

Exactly.

All those tent cities would have been mere hamlets.

originally posted by: Krazysh0t
a reply to: TrueBrit

Imagine if the money that went to bail out the banks went to pay off housing loans of people conned into subprime mortgages instead.

Many thought the same from the beginning. However it was not ever about saving the economy first it was about saving VIP money first then look at the economy.

The big to fail slogan for the GOP should have been an eye opener on how well the system brain washes the masses.

Think about that for a second , the MSM had individual republican drones spewing "to big to fail" and going against just about everything their party stand for.


Also it would have been even more effective even if they had just gave 0% loans to individuals to get their financial situation in control.

originally posted by: interupt42
Think about that for a second , the MSM had individual republican drones spewing "to big to fail" and going against just about everything their party stand for.

Trust me. I've thought about this for a great many seconds. I worked for Bank of America from mid-2007 to December 2008 (AND I worked in the credit card department) so I had to defend that damn bailout to pissed off customers. Worst job I ever had.

Also it would have been even more effective even if they had just gave 0% loans to individuals to get their financial situation in control.

Yeah, that would have been better. That way the money is repaid, but with the low interest rate they'd be able to repay it much easier.

a reply to: Krazysh0t

Is not accepting fate, my friend, I stop been angry a long time ago about what goes on in this nation, is not good for you health, I want to live a long happy life, In this time and age peaceful means are not longer the way to take down corporate power they will fight back they already do when they own the government and that is a fact

Who is running America? Have you ever asked that question?

Under the doctrine of Parens Patriae, "Government As Parent", as a result of the manipulated bankruptcy of the United States of America in 1930, ALL the assets of the American people, their person, and of our country itself are held by the Depository Trust Corporation at 55 Water Street, NY, NY, secured by UCC Commercial Liens, which are then monetized as "debt money" by the Federal Reserve. It may interest you to know that under the umbrella of the Depository Trust Corporation lies the CEDE Corporation, the Federal Reserve Corporation, the American Bar Association, the legal arm of the banking interests, and the Internal Revenue Service, the system's collection agency.

Did you ever hear of the Independent Treasury Act of 1920? No, you say.... Hmmmmmmm....?

The Independent Treasury Act of 1920 suspended the de jure (meaning "by right of legal establishment") Treasury Department of the United States government. Our Congress turned the treasury department over to a private corporation, which when seen in its true light, is a fascist monopolistic cartel, the Federal Reserve and their agents. The bulk of the ownership of the Federal Reserve System, a very well kept secret from the American Citizen, is held by these banking interests, and NONE is held by the United States Treasury:






Rothschild Bank of London
Rothschild Bank of Berlin
Warburg Bank of Hamburg
Warburg Bank of Amsterdam
Lazard Brothers of Paris
Israel Moses Seif Banks of Italy
Chase Manhattan Bank of New York
Goldman, Sachs of New York
Lehman Brothers of New York
Kuhn Loeb Bank of New York

The Federal Reserve is at the root of most of our present statutory regulations, "laws", in the control and regulation of virtually all aspects of human activity in the United States, through successively socialistic constructions laid upon the Commerce clause of the Constitution. Basically, the Federal Reserve is the "STATE" of the United States.

www.barefootsworld.net...

Now how can we the tax payers and voters fight this laws?

Look at the link, look at all the laws in this nation that makes corporations above the people in this nation.

Then comeback and tell me how to fight that.

Two words to prove how corrupt those in power are when it comes to prosecuting financial crimes.

Jon Corzine.

Friend of the Clintons,former Senator and Governor, political ally of the current President. Not a single person from his company MF Global went to jail after a failure that cost his customers millions.

a reply to: Krazysh0t

Bernie...prison...ah, yes...that is the rumor.

In the entire history of big corps. imprisoned, only 1 comes to our collective mind? And I had forgotten Bernie.


Martha Stewart!

a reply to: marg6043

It should be noted that corruption was at an all time low during the 50's and 60's when we had stronger social policies and regulations. You mention the Independent Treasury Act of 1920. Well the 50's and 60's came 30 to 40 years after that. Clearly we've done SOMETHING right in the past. The key is to stop listening to rich people telling us they know economics better than we do. Look to historical precedent. That is how we learn. We see what has worked and what hasn't worked in the past and implement react accordingly.

No matter how in control the rich people are with the government they have never successfully dismantled the constitution. They are still held to it as we are. We just need to reassert our power.

originally posted by: NewzNose
a reply to: Krazysh0t

Bernie...prison...ah, yes...that is the rumor.

In the entire history of big corps. imprisoned, only 1 comes to our collective mind? And I had forgotten Bernie.


Martha Stewart!

Lol. Yea that's why I compared it to a resort with prison bars. I was reading his wikipedia page earlier and I saw this:

In his letter to his daughter-in-law, Madoff said that he was being treated in prison like a "Mafia don".

They call me either Uncle Bernie or Mr. Madoff. I can't walk anywhere without someone shouting their greetings and encouragement, to keep my spirit up. It's really quite sweet, how concerned everyone is about my well being, including the staff ... It's much safer here than walking the streets of New York.[130] (Source)

So it's not like prison would be that much worse for them...

a reply to: NewzNose

People forgot about AIG, also, the ones behind the actually market crash of 2008, all the scandals, all our tax dollars to bail them out and the corrupted piece of craps got to spas to with our money to fight their "stressful times"

They claim they pay back, but did they? only 4 billions of the 118 were pay directly to the tax payers the rests is brake down to make it look like they did and still comes short.

And now they are trying to sue the tax payers for property violations and got a judge to agree with them.

The irony, the laws in American protects dishonesty in this nation.

a reply to: Krazysh0t

Interesting you mention that they have not dismantle the constitution and I agree, I guess they still fear the common people, but is plenty off laws that give them power that is why those laws were enacted without braking apart constitutional rights.

Didnt he just do a HUGE summit about how they wanted to save the earth, stricter controls, more legislation, more green energy, watching how much we put into the environment?

Now his administration is showing favor on this?

Sounds to me that its proof that its all a farce. Obama doesnt mean anything he says, he just panders.

Where is his heavy hand on this issue, to back up his statements? To enforce the regulations hes ready to impose the world over?

More rhetoric and no substance, I hate politicians

Love Love,
Alien Supernova